TWO TALES
11/20/2025 |
Walmart just reported a blowout quarter. Revenue jumped 6% to $179.5 billion, online sales jumped 27%, advertising jumped 30%, and membership 9%! Conversely, Target just reported its third straight quarter of negative sale-store sales and next will be negative too according to management. Middle- and upper-income households are being squeezed and are changing where they shop. Moreover, grocery was Walmart’s engine of growth, not a sign of a confident consumer.